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Discussing Saudi Arabia’s Regional HQ program with Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview and much more…
- October 20,2023
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- SUSTG Team
In episode 108, Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview, a leading market intelligence and research company, join The 966 to discuss Saudi Arabia’s Regional HQ program (commonly referred to as the “RHQ” program) and dive into some of the legal and practical details ahead of the effective date of the program starting in 2024. The RHQ program is the […]
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Saudi Economy Predicted to Grow by 3.9% in 2024 as Inflation Stabilizes, OECD Says
- September 19,2023
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- SUSTG Team
The Organization for Economic Co-operation and Development said that the Kingdom’s gross domestic product (GDP) is expected to rise by 3.9 percent in 2024, according to a report in Arab News.
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MENA’s Renewable Energy Promise
- June 6,2024
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- SUSTG Team
Saudi Arabia and other GCC countries are in a position to become, “not just a major source of renewable energy, but also a central and indispensable player in the global energy transition, uniquely able to balance supply and demand for all types of energy, both hydrocarbons, and renewables.”
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EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
- April 23,2024
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- SUSTG Team
The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.
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At Davos, Kingdom Pushes Diplomacy and PIF Talks 2024 Investment Strategy
- January 17,2024
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- SUSTG Team
Saudi Arabia’s strong presence at the World Economic Forum in Davos, Switzerland is emblematic of an increasingly confident Kingdom on the global stage, with top officials from both the government and Saudi Arabia’s Public Investment Fund on the ground to promote Saudi Arabia’s interests.
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Saudi Arabia’s 7th FII Sees only “10-20” Cancellations out of 6,000 as Major Summit in Riyadh Proceeds Ahead
- October 23,2023
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- SUSTG Team
Richard Attias, the CEO of the FII Institute, said that out of over 6,000 people planning to attend the Future Investment Initiative in Riyadh this week, organizers saw only 10-20 cancellations as a result of the war in Israel and Gaza, according to reports, as the major summit will continue ahead with the event as normal. […]
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US, Israel Deny Local Report That Saudis Freeze ‘Normalization’ Talks
- September 18,2023
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- SUSTG Team
Israeli and US officials on Monday denied a report in a Saudi-owned newspaper that Riyadh had frozen normalization talks with Israel because it refuses to make concessions to the Palestinians, Bloomberg reports.
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Saudi Professional League, 2023-24 Season by the Numbers
- June 5,2024
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- SUSTG Team
Saudi Arabia’s professional football league, the Roshn Saudi League, concluded it’s 2023-24 season with a number of records smashed and new benchmarks reached.
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Global Defense Spending Spikes in 2023
- April 22,2024
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- SUSTG Team
According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.
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U.S. Continues Campaign to Secure Critical Red Sea Trading Route with Terrorist Designation for Houthi Groups
- January 18,2024
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- SUSTG Team
The U.S. government on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups as Washington seeks to halt attacks on international shipping in the Red Sea, according to a report in Reuters.
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MUST-READS
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Saudi cuts April crude for some Asian refiners, maintains India supply
Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15%, while meeting the normal monthly requirements of Indian refiners, refinery sources told Reuters on Friday. Saudi Arabia’s reduction in supplies come as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided earlier this month to extend most of its supply cuts into April.
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Rising Oil Price Speeds India Plan to Seek Alternatives
Around 86% of Indian oil imports last year were from OPEC+ members, with 19% coming from Saudi Arabia, according to government data. Indian refiners are watching Iran’s possible re-entry into the oil market closely, Surana said.
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India, Pakistan agree to stop cross-border firing in Kashmir
In rare move, India and Pakistan agree to ‘strict observance’ of ceasefire along the de facto border in disputed Kashmir.
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India’s Reliance sees oil-to-chemicals business spin off in September quarter
India’s Reliance Industries Ltd expects to hive off its oil-to-chemicals (O2C) business into a 100% subsidiary in the September quarter, the company said on Tuesday, paving the way for a stake sale in the new company. Reliance, which operates the world’s biggest refining complex, is in talks with Saudi Aramco to sell a fifth of its O2C business.
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Saudi Arabia to get three million AstraZeneca shots in about a week from India
The Serum Institute of India (SII) will supply Saudi Arabia with 3 million AstraZeneca COVID-19 vaccine doses priced at $5.25 each in about a week on behalf of the British drugmaker, its chief executive told Reuters on Monday.
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India to begin commercial vaccine exports with shipments to Brazil, Morocco, Saudi Arabia and South Africa
“Supply of commercially contracted quantities will also commence from tomorrow, starting with Brazil and Morocco, followed by South Africa and Saudi Arabia,” he added.
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Snapchat can thank India for its soaring stock price
But Snapchat’s latest earnings show that—while its users do skew much younger than Facebook’s—it wasn’t American teens who turned the user numbers around. Most of the company’s growth has come from outside of North America and Europe, in a category it nebulously describes as “Rest of World.”
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Saudi Arabia Sees Foreign Investment Boost From India, Egypt
Saudi Arabia granted 20% more foreign investment licenses in the third quarter compared to the same period last year, with India and Egypt driving the increase despite efforts to attract American and European interest. The kingdom licensed 306 new foreign projects from June to September, compared to 254 in the corresponding quarter of 2019, according to data released Tuesday by the Ministry of Investment.
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KSA’s investment plans in India on track: Saudi envoy to India
The Saudi envoy to India also referred to the decision by Saudi Public Investment Fund (PIF) to invest approximately $1.3 billion in Reliance Retail and $1.5 billion in Reliance's Jio platforms. "Saudi Aramco is committed to investing in India's energy sector. Aramco's decision to buy a stake in Reliance Industries' oil-to-chemical business and Aramco's commitment to invest in the West Coast refinery petrochemical project signifies the interest Saudi Arabia places in the development of India's energy sector,"
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What India, Saudi, UAE look to gain from Gen. Naravane trip, a first by an Indian Army chief
General M.M. Naravane will begin a week-long trip to both countries, starting 9 December, in what is considered a sign of growth in India's ties with the Middle East.
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